has come out with its second quarter (July-September) earnings estimates for the Internet sector. The brokerage house expects Info Edge
to report net profit at Rs 45.7 crore, up 3 percent quarter-on-quarter.
Net Sales are expected to increase by 3.6 percent Q-o-Q (up 17.6 percent Y-o-Y) to Rs 204.8 crore, according to Kotak Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 10.2 percent Q-o-Q (up 57.9 percent Y-o-Y) to Rs 52.7 crore.Kotak Securities' report on Info Edge
We expect steady 18% yoy growth in the recruitment business.
Estimates now also include the higher impact of ESOP expenses post Ind-AS implementation.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.